BAE Systems plc Stock Is An 52-Week High Flier

November 10, 2016November 10, 2016Ruchi Gupta

The stock of BAE Systems plc (LON:BA) hit a new 52-week high and has GBX 795.79 target or 31.00% above today’s GBX 607.47 share price. The 5 months bullish chart indicates low risk for the GBX 19.29 billion company. The 1-year high was reported on Nov, 10 by Barchart.com. If the GBX 795.79 price target is reached, the company will be worth GBX 5.98B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 3.84% or GBX 22.47 on November 10, hitting GBX 607.47. About 25.47M shares traded hands or 227.80% up from the average. BAE Systems plc (LON:BA) has risen 16.65% since April 12, 2016 and is uptrending. It has outperformed by 11.00% the S&P500.

BAE Systems plc (LON:BA) Ratings Coverage

Out of 24 analysts covering BAE Systems Plc (LON:BA), 20 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 83% are positive. GBX 675 is the highest target while GBX 390 is the lowest. The GBX 565.32 average target is -6.94% below today’s (GBX 607.47) stock price. BAE Systems Plc has been the topic of 142 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was upgraded by RBC Capital Markets to “Top Pick” on Wednesday, January 6. Bernstein maintained the shares of BA in a report on Tuesday, March 8 with “Outperform” rating. On Friday, February 19 the stock rating was maintained by Investec with “Buy”. Deutsche Bank maintained the shares of BA in a report on Monday, July 25 with “Buy” rating. Jefferies maintained BAE Systems plc (LON:BA) on Tuesday, January 19 with “Buy” rating. On Thursday, December 10 the stock rating was maintained by Bernstein with “Outperform”. The company was maintained on Friday, April 8 by JP Morgan. The company was maintained on Thursday, December 24 by AlphaValue. On Tuesday, February 23 the stock rating was maintained by RBC Capital Markets with “Top Pick”. Charles Stanley maintained the stock with “Accumulate” rating in Thursday, July 30 report.

More important recent BAE Systems plc (LON:BA) news were published by: Wsj.com which released: “BAE Systems Profit Rises on Increased Military Spending” on July 28, 2016, also Wsj.com published article titled: “BAE Systems Picks Oil Executive as New Operating Chief”, Wsj.com published: “BAE Systems Sees Risks if ‘Brexit’ Spurs Scottish Independence Push” on May 04, 2016. More interesting news about BAE Systems plc (LON:BA) was released by: Bloomberg.com and their article: “Bonds of GlaxoSmithKline, BAE Systems Among First BOE Purchases” with publication date: September 28, 2016.

BAE Systems plc is a defense, aerospace and security company. The company has a market cap of 19.29 billion GBP. The Company’s divisions include Electronic Systems, which consist of the Company’s United States and United Kingdom electronics activities; Cyber & Intelligence, which consists of its United States Intelligence & Security business and the United Kingdom-headquartered applied intelligence business; Platforms & Services , which produces combat vehicles, weapons and munitions; Platforms & Services (UK), which consist of its United Kingdom air, maritime, combat vehicle, munitions and shared services activities; Platforms & Services (International), which consist of the Company’s businesses in Saudi Arabia, Australia and Oman, together with its interest in the MBDA joint venture, and HQ, which comprises the Company’s head office activities, together with approximately 49% interest in Air Astana. It has a 20.61 P/E ratio.